Cognex Declares Quarterly Cash Dividend

Rhea-AI Summary

Cognex Corporation (NASDAQ: CGNX) has announced a quarterly cash dividend of $0.065 per share. This dividend is set to be paid on June 3, 2022, to shareholders recorded at the close of business on May 20, 2022. Cognex specializes in image-based products utilizing artificial intelligence, which are critical in reducing production and shipping errors across global factories and distribution centers. Since its inception in 1981, Cognex has shipped over 3 million products, generating more than $9 billion in cumulative revenue.

Positive

• Quarterly cash dividend of $0.065 per share boosts shareholder return.
• Strong historical sales with over $9 billion in cumulative revenue since 1981.

Negative

• None.

NATICK, Mass.--(BUSINESS WIRE)-- Cognex Corporation (NASDAQ: CGNX) today announced that the company's Board of Directors declared a quarterly cash dividend of $0.065 per share, payable on June 3, 2022 to all shareholders of record at the close of business on May 20, 2022.

About Cognex

Cognex Corporation designs, develops, manufactures, and markets a wide range of image-based products, all of which use artificial intelligence (AI) techniques that give them the human-like ability to make decisions on what they see. Cognex products include machine vision systems, machine vision sensors, and barcode readers that are used in factories and distribution centers around the world where they eliminate production and shipping errors.

Cognex is the world's leader in the machine vision industry, having shipped more than 3 million image-based products, representing over $9 billion in cumulative revenue, since the company's founding in 1981. Headquartered in Natick, Massachusetts, USA, Cognex has offices and distributors located throughout the Americas, Europe, and Asia. For details, visit Cognex online at www.cognex.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220505006124/en/

Susan Conway

Investor Relations

+1 508-650-3353

susan.conway@cognex.com

Source: Cognex Corporation

FAQ

What is the dividend amount declared by Cognex Corporation?

Cognex Corporation declared a quarterly cash dividend of $0.065 per share.

When will Cognex's dividend be paid?

The dividend will be paid on June 3, 2022.

What is the record date for Cognex's dividend?

The record date for the dividend is May 20, 2022.

How has Cognex performed in cumulative revenue over the years?

Cognex has generated over $9 billion in cumulative revenue since its founding in 1981.